Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Info for The City of Olathe Kansas
Recent 15 Days of Olathe KS Market Activity

After calculating the absorption rate over the past 15 days in Olathe Kansas, we can determine there’s currently 9.3 months of inventory on the market. This is high and I’m concerned for Olathe home sellers that we’re trending the wrong way. A pace of 114 sales per month isn’t eating quickly enough into the 1,000+ inventory of homes for sale in Olathe. The average new listing came on the market in the $240’s price range, however the average sales prices was in the $190’s over the past 15 days. Based on their list price, the homes that went under contract over the same period are likely to average around a $190’s sales price. It’s clearly a buyer’s market in Olathe Kansas.

* The Average $ of Newest Contracts considers the price the homes were listed at when they went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in any category can skew results. Stats may not be an exact 15 days from date of this post. DOM = Days On Market.

The average closed home the past 15 days was on the market for 110 days however over the same time frame, the average home that went under contract was at 162 days — so it’s clearly taking longer for Olathe Kansas home sellers to get action on their homes. If your real estate goals involve buying or selling a home in the city of Olathe KS, please contact me. We look forward to providing you the personalized real estate guidance that will give you an advantage over the competition.

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Interesting Olathe Kansas Link…
Olathe Kansas School District Map

Posted by Jason A. Brown